CULLEN/FROST BANKERS, INC. (CFR) — Institutional Holders, Q2 2026

574 institutional investment managers reported a CFR position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $8.8B. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.

← CFR stock profile

CFR in Q2 2026: what funds did

Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.

New positions

Added to

170

Trimmed

206

Sold out

Biggest buyers

BAILLIE GIFFORDNew · +2,233,298 sh+$345.1M
First Eagle Investment ManagementAdded · +511,784 sh+$79.1M
TWO SIGMA INVESTMENTSAdded · +484,393 sh+$74.8M
BlackRockAdded · +255,504 sh+$39.5M
SEGALL BRYANT & HAMILLNew · +226,533 sh+$35.0M

Biggest sellers

Champlain Investment PartnersTrimmed · -475,580 sh-$73.5M
Impax Asset Management Group plcTrimmed · -398,040 sh-$61.5M
Neuberger Berman GroupTrimmed · -381,575 sh-$59.0M
Aristotle Capital ManagementTrimmed · -299,545 sh-$46.3M
BANK OF AMERICATrimmed · -248,412 sh-$38.4M

CFR 13F holders ranked 1–100 of 574

Institutional investors reporting a position in CULLEN/FROST BANKERS, INC. on SEC Form 13F-HR for Q2 2026, ranked by reported value.
#	Institution	Shares	Value	% of portfolio	QoQShares vs Q1 2026
1	BlackRock#1 · 7,335,319 sh	7,335,319	$1.1B	0.02%	+3.6%
2	Aristotle Capital Management#2 · 4,465,464 sh	4,465,464	$690.0M	1.45%	-6.3%
3	STATE STREET#3 · 3,218,249 sh	3,218,249	$497.3M	0.01%	+3.8%
4	VANGUARD PORTFOLIO MANAGEMENT#4 · 3,201,314 sh	3,201,314	$494.7M	0.02%	-0.7%
5	First Eagle Investment Management#5 · 2,777,658 sh	2,777,658	$429.2M	0.72%	+22.6%
6	VANGUARD CAPITAL MANAGEMENT#6 · 2,715,665 sh	2,715,665	$419.6M	<0.01%	+0.2%
7	BAILLIE GIFFORD#7 · 2,233,298 sh	2,233,298	$345.1M	0.31%	New
8	DIMENSIONAL FUND ADVISORS#8 · 1,652,820 sh	1,652,820	$255.4M	0.05%	+8.0%
9	GEODE CAPITAL MANAGEMENT#9 · 1,337,700 sh	1,337,700	$206.7M	0.01%	+0.5%
10	KING LUTHER CAPITAL MANAGEMENT#10 · 1,246,075 sh	1,246,075	$192.5M	0.79%	-6.0%
11	TWO SIGMA INVESTMENTS#11 · 1,144,332 sh	1,144,332	$176.8M	0.13%	+73.4%
12	BANK OF AMERICA#12 · 962,310 sh	962,310	$148.7M	<0.01%	-20.5%
13	NORTHERN#13 · 947,465 sh	947,465	$146.4M	0.02%	+0.2%
14	MORGAN STANLEY#14 · 842,630 sh	842,630	$130.2M	<0.01%	-1.1%
15	NORGES BANK#15 · 747,202 sh	747,202	$115.5M	0.01%	—
16	Boston Walden#16 · 732,331 sh	732,331	$113.2M	0.86%	-24.3%
17	PRINCIPAL FINANCIAL GROUP#17 · 654,435 sh	654,435	$101.1M	0.05%	-1.2%
18	GOLDMAN SACHS GROUP#18 · 651,588 sh	651,588	$100.7M	<0.01%	-7.1%
19	FIRST ADVISORS#19 · 631,586 sh	631,586	$97.6M	0.06%	-20.0%
20	Jupiter Topco#20 · 610,241 sh	610,241	$94.3M	0.04%	—
21	JPMORGAN CHASE#21 · 596,258 sh	596,258	$92.7M	<0.01%	-2.9%
22	WESTWOOD GROUP#22 · 590,515 sh	590,515	$91.2M	0.69%	-20.6%
23	WILLIAM BLAIR INVESTMENT MANAGEMENT#23 · 578,725 sh	578,725	$89.4M	0.27%	-5.4%
24	CHARLES SCHWAB INVESTMENT MANAGEMENT#24 · 550,371 sh	550,371	$85.0M	0.01%	-0.5%
25	MANUFACTURERS LIFE INSURANCE COMPANY, THE#25 · 518,552 sh	518,552	$80.1M	0.06%	+0.3%
26	Bank of New York Mellon#26 · 516,735 sh	516,735	$79.8M	0.01%	-4.9%
27	SEI INVESTMENTS#27 · 484,065 sh	484,065	$74.8M	0.07%	-6.6%
28	VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.#28 · 460,437 sh	460,437	$71.1M	0.63%	+48.5%
29	Artemis Investment Management LLP#29 · 436,543 sh	436,543	$67.5M	—	+4.6%
30	NATIXIS ADVISORS#30 · 434,556 sh	434,556	$67.1M	0.08%	+36.6%
31	Madison Asset Management#31 · 403,055 sh	403,055	$62.3M	0.74%	+20.1%
32	Alberta Investment Management#32 · 400,000 sh	400,000	$61.8M	0.35%	0.0%
33	ROYAL BANK OF CANADA#33 · 395,367 sh	395,367	$61.1M	<0.01%	-4.2%
34	VANGUARD FIDUCIARY#34 · 394,198 sh	394,198	$60.9M	0.01%	+1.7%
35	Champlain Investment Partners#35 · 379,610 sh	379,610	$58.7M	1.51%	-55.6%
36	GW&K Investment Management#36 · 355,565 sh	355,565	$54.9M	0.43%	-5.5%
37	JONES FINANCIAL COMPANIES LLLP#37 · 349,854 sh	349,854	$54.3M	0.02%	+37.3%
38	WELLINGTON MANAGEMENT GROUP LLP#38 · 335,048 sh	335,048	$51.8M	<0.01%	-33.0%
39	FMR#39 · 301,763 sh	301,763	$46.6M	<0.01%	-1.5%
40	JACOBS LEVY EQUITY MANAGEMENT#40 · 269,564 sh	269,564	$41.7M	0.15%	-2.0%
41	ENVESTNET ASSET MANAGEMENT#41 · 264,585 sh	264,585	$40.9M	<0.01%	-2.0%
42	AQR CAPITAL MANAGEMENT#42 · 240,867 sh	240,867	$37.2M	0.01%	+18.9%
43	DEPRINCE RACE & ZOLLO#43 · 235,795 sh	235,795	$36.4M	—	-28.2%
44	SEGALL BRYANT & HAMILL#44 · 226,533 sh	226,533	$35.0M	0.42%	New
45	TCTC#45 · 218,787 sh	218,787	$33.8M	0.89%	-0.5%
46	D. E. Shaw#46 · 216,054 sh	216,054	$33.4M	0.02%	+3.6%
47	PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO#47 · 198,050 sh	198,050	$30.6M	0.11%	0.0%
48	ProShare Advisors#48 · 186,366 sh	186,366	$28.8M	0.04%	+3.2%
49	Invesco Ltd.#49 · 183,437 sh	183,437	$28.3M	<0.01%	+39.6%
50	Fiera Capital#50 · 183,325 sh	183,325	$28.3M	0.10%	-42.8%
51	UBS Group AG#51 · 179,392 sh	179,392	$27.7M	<0.01%	-29.4%
52	NEW YORK STATE COMMON RETIREMENT FUND#52 · 166,552 sh	166,552	$25.7M	0.03%	+0.1%
53	WELLS FARGO & COMPANY#53 · 165,493 sh	165,493	$25.6M	<0.01%	+13.7%
54	RHUMBLINE ADVISERS#54 · 159,332 sh	159,332	$24.6M	0.02%	-0.7%
55	RAYMOND JAMES FINANCIAL#55 · 157,487 sh	157,487	$24.3M	<0.01%	+6.5%
56	AMERIPRISE FINANCIAL#56 · 153,379 sh	153,379	$23.7M	<0.01%	-3.7%
57	Retirement Systems of Alabama#57 · 149,750 sh	149,750	$23.1M	0.07%	-7.7%
58	SCOPUS ASSET MANAGEMENT, L.P.#58 · 99,500 sh	99,500	$23.0M	0.32%	New
59	Lido Advisors#59 · 141,936 sh	141,936	$21.9M	0.06%	-5.4%
60	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME#60 · 140,812 sh	140,812	$21.8M	<0.01%	-1.1%
61	Polaris Capital Management#61 · 133,300 sh	133,300	$20.6M	—	-34.7%
62	BESSEMER GROUP#62 · 124,032 sh	124,032	$19.2M	0.03%	-1.8%
63	Swiss National Bank#63 · 120,000 sh	120,000	$18.5M	<0.01%	-0.1%
64	BARTLETT & WEALTH MANAGEMENT#64 · 116,594 sh	116,594	$18.0M	0.23%	-3.7%
65	Russell Investments Group, Ltd.#65 · 116,458 sh	116,458	$18.0M	0.02%	+16.6%
66	CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM#66 · 114,130 sh	114,130	$17.6M	<0.01%	-0.9%
67	BARCLAYS PLC#67 · 106,127 sh	106,127	$16.4M	<0.01%	+10.9%
68	Arbejdsmarkedets Tillaegspension#68 · 104,400 sh	104,400	$16.1M	0.35%	New
69	PALISADE CAPITAL MANAGEMENT#69 · 104,125 sh	104,125	$16.1M	0.70%	-52.5%
70	Impax Asset Management Group plc#70 · 95,000 sh	95,000	$14.7M	0.10%	-80.7%
71	M&T BANK#71 · 91,079 sh	91,079	$14.1M	0.04%	-1.2%
72	COMMONWEALTH EQUITY SERVICES#72 · 87,174 sh	87,174	$13.5M	0.02%	-1.8%
73	Nuveen#73 · 85,294 sh	85,294	$13.2M	<0.01%	+5.4%
74	SUSQUEHANNA FUNDAMENTAL INVESTMENTS#74 · 84,623 sh	84,623	$13.1M	0.25%	+1296.9%
75	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP#75 · 83,868 sh	83,868	$13.0M	<0.01%	New
76	Ceredex Value Advisors#76 · 82,150 sh	82,150	$12.7M	0.36%	-18.9%
77	Legal & General Group Plc#77 · 81,034 sh	81,034	$12.5M	<0.01%	-1.0%
78	NEW YORK STATE TEACHERS RETIREMENT SYSTEM#78 · 75,532 sh	75,532	$11.7M	—	+2.8%
79	WHITTIER#79 · 73,589 sh	73,589	$11.5M	0.11%	-0.3%
80	Hilton Capital Management#80 · 70,983 sh	70,983	$11.0M	0.75%	+9.5%
81	BNP PARIBAS FINANCIAL MARKETS#81 · 70,932 sh	70,932	$11.0M	<0.01%	+554.1%
82	Martin Capital Partners#82 · 69,851 sh	69,851	$10.8M	—	-0.1%
83	ALLIANCEBERNSTEIN L.P.#83 · 76,775 sh	76,775	$10.5M	<0.01%	-1.3%
84	Quantinno Capital Management#84 · 67,110 sh	67,110	$10.4M	0.01%	+56.6%
85	STIFEL FINANCIAL#85 · 66,441 sh	66,441	$10.3M	<0.01%	+8.9%
86	FRANKLIN RESOURCES#86 · 66,424 sh	66,424	$10.3M	<0.01%	-6.6%
87	LPL Financial#87 · 64,816 sh	64,816	$10.0M	<0.01%	+0.5%
88	Cerity Partners#88 · 63,386 sh	63,386	$9.8M	0.01%	-12.1%
89	PRICE T ROWE ASSOCIATES#89 · 60,916 sh	60,916	$9.4M	<0.01%	+6.4%
90	SG Americas Securities#90 · 57,943 sh	57,943	$9.0M	<0.01%	-6.4%
91	VANGUARD ASSET MANAGEMENT, Ltd#91 · 55,371 sh	55,371	$8.6M	<0.01%	+4.3%
92	AMERICAN CENTURY COMPANIES#92 · 55,297 sh	55,297	$8.5M	<0.01%	+10.7%
93	STRS OHIO#93 · 53,790 sh	53,790	$8.3M	0.03%	+17.6%
94	Greenfield Seitz Capital Management#94 · 53,491 sh	53,491	$8.3M	2.46%	+0.3%
95	LAWSON KROEKER INVESTMENT MANAGEMENT#95 · 53,268 sh	53,268	$8.2M	—	-0.7%
96	ROWLANDMILLER & PARTNERS.ADV#96 · 51,491 sh	51,491	$8.0M	1.45%	-0.2%
97	MUTUAL OF AMERICA CAPITAL MANAGEMENT#97 · 50,811 sh	50,811	$7.9M	—	+109.8%
98	Argent#98 · 50,306 sh	50,306	$7.8M	0.22%	-2.7%
99	TUDOR INVESTMENT ET AL#99 · 49,545 sh	49,545	$7.7M	0.01%	New
100	HSBC PLC#100 · 47,379 sh	47,379	$7.3M	<0.01%	New

Funds that sold out of CFR in Q2 2026 (49)

Held CFR at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.

Institutions that held CFR in Q1 2026 and reported no position in Q2 2026.
Institution	Shares sold	Value in Q1 2026
Bridgewater Associates92,885 sh	92,885	$12.7M
Oak Harvest Investment Services48,509 sh	48,509	$6.6M
Formuepleje A/S39,350 sh	39,350	$5.4M
Carlson Capital, L.P.28,818 sh	28,818	$4.0M
VARCOV19,780 sh	19,780	$2.7M
Trexquant Investment15,553 sh	15,553	$2.1M
XTX Topco Ltd11,627 sh	11,627	$1.6M
Holocene Advisors10,728 sh	10,728	$1.5M
ALLSTATE10,061 sh	10,061	$1.4M
BALYASNY ASSET MANAGEMENT L.P.4,737 sh	4,737	$649.3K
Sovran Advisors3,163 sh	3,163	$458.4K
UNITED CAPITAL FINANCIAL ADVISORS3,185 sh	3,185	$436.6K
OCCUDO QUANTITATIVE STRATEGIES2,951 sh	2,951	$427.7K
Qsemble Capital Management2,689 sh	2,689	$368.6K
Point2,443 sh	2,443	$334.9K
MQS Management2,286 sh	2,286	$313.4K
GTS SECURITIES2,136 sh	2,136	$292.8K
GATEWAY INVESTMENT ADVISERS2,048 sh	2,048	$280.7K
nVerses Capital1,908 sh	1,908	$261.5K
OPPENHEIMER1,850 sh	1,850	$253.6K
EVOLVE PRIVATE WEALTH1,726 sh	1,726	$236.6K
REGIONS FINANCIAL1,702 sh	1,702	$233.3K
MARSHALL WACE, LLP1,627 sh	1,627	$223.0K
RHODES INVESTMENT ADVISORS1,571 sh	1,571	$215.3K
Bayforest Capital Ltd1,319 sh	1,319	$180.8K
Hamilton Capital Partners1,001 sh	1,001	$137.2K
Ronald Blue443 sh	443	$60.7K
WESTPAC BANKING440 sh	440	$60.3K
Root Financial Partners435 sh	435	$59.6K
VAN ECK ASSOCIATES422 sh	422	$58.0K
Ancora Advisors238 sh	238	$32.6K
Advisory Services Network217 sh	217	$29.7K
Annis Gardner Whiting Capital Advisors120 sh	120	$16.4K
GROUP ONE TRADING, L.P.100 sh	100	$13.7K
Western Wealth Management99 sh	99	$13.6K
LGT Financial Advisors76 sh	76	$10.4K
Joseph Group Capital Management48 sh	48	$6.6K
Bangor Savings Bank34 sh	34	$4.7K
Whipplewood Advisors19 sh	19	$2.6K
TWIN PEAKS WEALTH ADVISORS15 sh	15	$2.1K
Sound Income Strategies9 sh	9	$1.2K
MCGUIRE CAPITAL ADVISORS8 sh	8	$1.1K
ST GERMAIN D J8 sh	8	$1.1K
Vermillion Wealth Management5 sh	5	$685.00
Intentional Wealth Strategies5 sh	5	$685.00
TOTH FINANCIAL ADVISORY2 sh	2	$275.00
CURIO WEALTH2 sh	2	$274.00
Innovative Asset Advisors Group2 sh	2	$274.00
Strategic Wealth Partners, Ltd.2 sh	2	$246.00

Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.